irs
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Colorado attorney cannot deduct $300K racecar spending as business expense, 10th Circuit says
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The federal appeals court based in Denver agreed on Monday that a Colorado attorney could not claim more than $300,000 in car racing expenditures as “ordinary and necessary” business expenses to be deducted from his taxes. The Internal Revenue Service began looking into the tax filings and non-filings of James W. Avery between 2008 and…
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New IRS guidance could potentially tax Colorado’s TABOR refunds
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Only six months ago, Coloradans breathed a sigh of relief when the Internal Revenue Service announced it would not take out federal taxes on refunds from Colorado’s Taxpayer’s Bill of Rights. But now Colorado officials worry that taxability of the refunds is once again being called into question under new guidance released by the IRS on Wednesday,…
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10th Circuit: Thanks, but no thanks on Justice Thomas’ pot statement
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The federal appeals court based in Denver declined to apply a 2021 statement of U.S. Supreme Court Justice Clarence Thomas in deciding last week whether to block federal authorities from investigating a marijuana dispensary’s compliance with the tax code. Previously, Thomas cast doubt on Congress’s ability to regulate cannabis within states by pointing to the…
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Judge throws out lawsuit from alleged ‘sovereign citizen’ facing prosecution in Eagle County
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A federal judge has dismissed an Eagle County woman’s complaint against the law enforcement officials who are prosecuting her for numerous charges of forgery, cybercrime and sending fake tax documents to judges. Although Adrienne Avril Perer called it a “false assumption” that she was an adherent of the anti-government “sovereign citizen” movement, she nevertheless sued…
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‘I’ve never seen anything like that’: State Supreme Court weighs discipline for divorce attorney
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Prominent family law attorney Brenda L. Storey said she was wrongly punished for simply asking a client in a divorce case to pay her, and for ultimately using money from the marriage toward her bill — a common practice in such proceedings. The Office of Attorney Regulation Counsel, which prosecutes lawyer discipline cases, took a vastly…
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A LOOK BACK | Colorado congressman calls for abolishment of IRS
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Thirty-Five Years Ago This Week: U.S. Rep. Dan Schaefer, a Republican representing Colorado’s 6th Congressional District, joined several congressional colleagues for “tea” in Boston Harbor aboard the Beaver II, a full-sized replica of the 18th century ship of the same name. Dipping a copy of the United States tax code into a large basin, Schaefer…
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U.S. Sen. Michael Bennet’s staff to meet with southern, eastern Colorado constituents
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U.S. Sen Michael Bennet’s staff is planning a series of “listening sessions” in the southern and eastern Colorado this week, his office said. Those who have concerns or comments about what’s happening in Washington will be able to meet one-on-one with members of Bennet’s staff. Meetings are planned in Rocky Ford,La Junta,, Limon, Stratton, Lamar and…
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Democratic state Senate candidate Alan Kennedy-Shaffer targeting pot customers with campaign ads
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In what could be a first, Democrat Alan Kennedy-Shaffer, one of five Democrats running for an open state Senate seat in next year’s election, plans to start running campaign ads through the primary on video screens at marijuana dispensaries throughout the Denver district. Kennedy-Shaffer told Colorado Politics his campaign ads touting the attorney as a…
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Jensen: Investigate the leaks, not Flynn
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Yes, there needs to be an investigation, but not necessarily of General Mike Flynn. Democratic Senator Chris Coons of Delaware and Chuckie Schumer of New York demand to know when President Trump knew what he knew and when did he know whatever he knew about General Mike Flynn’s conversation with Russian Ambassador Sergey Kislyak. Democratic…
